WallStSmart
RCI

Rogers Communications Inc

NYSE: RCI · COMMUNICATION SERVICES · TELECOM SERVICES

$36.26
+0.55% today

Updated 2026-04-29

Market cap
$19.59B
P/E ratio
3.79
P/S ratio
0.88x
EPS (TTM)
$9.57
Dividend yield
5.55%
52W range
$24 – $41
Volume
1.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Rogers Communications Inc (RCI) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$36.26
Consensus
$34.50
-4.85%
2030 Target
$536.80
+1380.42%
DCF
$91.92
+58.77% MoS
2 analysts:
4 Buy2 Hold2 Sell

Management guidance

No specific CEO revenue targets found in available documents. Latest guidance from Q4 2025 earnings (Jan 29, 2026) indicates 2026 financial guidance was provided but specific revenue targets not disclosed in research materials. Company focused on network investment, 5G expansion, and cost management.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$891.22
$24.6B Rev × 20x P/S
Base case (2030)
$536.80
$24.6B Rev × 12x P/S
Bear case (2030)
$357.86
$24.6B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$19.3B$20.6B$21.7B$23.2B$23.6B$23.8B$24.1B$24.6B
Revenue growth—6.7%5.3%6.8%1.5%1.1%1.5%1.7%
EPS$4.57$5.03$5.01$4.97$5.22$5.45$5.70$5.98
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$505.83$512.71$519.59$526.47$536.80

Catalysts & risks

Growth catalysts
+ 5G satellite-to-mobile service expansion across Atlantic Canada and broader markets
+ Sports assets monetization (Blue Jays partnership, media rights opportunities)
+ Wireless subscriber growth in competitive Canadian market
+ Infrastructure investment program delivering operational leverage
+ Cost optimization initiatives improving profitability
Key risks
- Canadian telecom price war intensifying (TD Cowen downgrade Apr 2026 specifically cited this)
- Debt refinancing at higher rates ($750M USD + $1.25B CAD subordinated notes issued Mar 2026)
- High leverage (Debt/Eq 2.49x) limits financial flexibility
- Slowing analyst sentiment (multiple recent downgrades from Buy to Hold)
- Residential broadband market saturation and wireless competition

Methodology

Rogers Communications Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 2 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.